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☆ PGIM India Mutual Fund discusses India's inclusion in the JPMorgan Emerging Markets Bond index
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPGIM India Mutual Fund discusses India's inclusion in the JPMorgan Emerging Markets Bond indexPuneet Pal, head of fixed income at PGIM India Mutual Fund, discusses India's inclusion in the JPMorgan Emerging Markets Bond index.

Persons: Pal Organizations: India Mutual Fund, JPMorgan Emerging, PGIM India Mutual Fund

☆ Here’s what you should know about adding emerging markets bond exposure to your portfolio
▼ + stars: | 2024-02-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

It may be time to consider adding emerging markets bonds to your fixed-income portfolio. His Vanguard Emerging Markets Bond Fund (VEGBX) is rated five stars by Morningstar. BlackRock also likes emerging markets, specifically external currency debt. Often issued in U.S. dollars, hard currency EM debt is also cushioned from EM currency weakness as EM central banks cut rates," she wrote. He suggests working with an advisor if you want to add EM bonds to your portfolio.

Persons: shying, Daniel Shaykevich, Morningstar, you'd, Shaykevich, Wei Li, Vanguard's Shaykevich, It's Organizations: Vanguard, Emerging Markets Bond Fund, BlackRock, U.S, BlackRock Investment Locations: Treasurys, America, Mexico, Brazil, Saudi Arabia

Zambia was the first African country to default in the COVID-19 era, in late 2020, but its restructuring process has been beset by delays. International bondholders also complained they were left out of the process, which started with drawn-out negotiations with bilateral creditors including China. Zambia's three international bonds rose sharply after the announcement, adding as much as 3.9 cents on the dollar, Tradeweb and MarketAxess data showed. The committee of bondholders owns or controls 40% of the outstanding bonds, Zambia's finance ministry added. Earlier this month, Zambia agreed a memorandum of understanding with its official creditors, including China and members of the Paris Club of creditor nations, to restructure about $6.3 billion of debt.

Persons: Situmbeko Musokotwane, Susana Vera, amortization, Rachel Savage, Karin Strohecker, Bhargav Acharya, David Holmes Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, IMF, Bondholder, Amia, Amundi, RBC BlueBay Asset Management, Farallon Capital Management, Greylock Capital Management, Paris Club, Thomson Locations: Marrakech, Morocco, JOHANNESBURG, Zambia, China, Rosario

☆ Asia stocks slump as bond selloff spooks markets
▼ + stars: | 2023-10-04 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

The spike in Treasury yields lifted the dollar to new heights with only the yen showing some fight amid speculation the Japanese authorities might be intervening behind the scenes. The yen breached the 150-per-dollar level in the London afternoon on Tuesday before suddenly shooting to 147.3. There was no confirmation from Tokyo, where Japan's finance minister and top currency diplomat have made no direct comment on the move. In commodity markets, the stronger dollar has helped put the brakes on oil prices and higher yields have weighed on gold. Brent crude futures were last steady at $90.87 a barrel, having hit an 11-month high of $97.69 last week.

Persons: Issei Kato, it's, Mel Siew, Ryota Abe, Kit Juckes, Tom Westbrook, Jamie Freed, Kim Coghill Organizations: U.S ., REUTERS, Japan's Nikkei, Muzinich, Co, Sumitomo Mitsui Banking Corporation, New Zealand, Federal, Treasury, Brent, Thomson Locations: Tokyo, Japan, Asia, SINGAPORE, London, Pacific, Singapore, Taiwan, Malaysian

☆ This high-risk global bond fund isn't for everyone, but it's tempting investors with a 10% yield
▼ + stars: | 2023-07-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

For global investors, the Abrdn Frontier Markets Bond Fund is one example of a fund offering substantial returns. What are frontier markets? While there is no formal definition, frontier markets are typically low-income, developing countries with underdeveloped capital markets, according to Daly. Investment director for emerging market debt, Abrdn Kevin Daly The appeal of these frontier markets is twofold, according to Daly. Managing FX risks Managing foreign exchange risk is tricky in frontier markets, where hedging instruments are often inefficient or unavailable.

Persons: Kevin Daly, Daly, Fitch, You've, who's, … Organizations: Markets Bond, CNBC Pro, Monetary Fund, Bank Locations: U.S, Abrdn, Nigeria, Kenya, Iraq, Ecuador, Uzbekistan, Mozambique, Daly, Benin, African, Europe, South Korea, Singapore, Taiwan, stockbrokers

☆ Investors can get a 7% yield with this 'hidden gem' bond fund
▼ + stars: | 2023-06-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Vanguard's Emerging Markets Bond fund (VEMBX) is a "hidden gem" and Vanguard's best foreign bond fund, according to Jeff DeMaso, founder and editor of the newsletter "The Independent Vanguard Adviser." "It's a well-run emerging markets bond fund that has topped its index (and the Morningstar peer group)," DeMaso said. The actively managed fund was up 43% from April 2016 through May 2023, compared with an 11% return for Vanguard's Emerging Markets Government Bond Index Fund (VGAVX) during the same time frame, according to DeMaso's calculations. The VGAVX seeks to track the performance of the Bloomberg USD Emerging Markets Government RIC Capped Index. Not only does VEMBX fly under the radar, but it has a stellar portfolio manager in Daniel Shaykevich, DeMaso said.

Persons: Jeff DeMaso, Morningstar, DeMaso, Daniel Shaykevich, Shaykevich Organizations: Vanguard's, Independent Vanguard, SEC, Morningstar, Vanguard's Emerging, Government, Index, Bloomberg, Markets Government RIC, Vanguard, BlackRock Locations: United States, Peru, Saudi Arabia, Columbia, Persian, Saharan Africa

☆ Analysis: Debt crunch looms for weaker economies with a wall of bond maturities ahead
▼ + stars: | 2023-04-10 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +5 min

"A more prolonged period without market access would be of more concern for the lower-rated tiers of the emerging markets sovereign universe," said James Wilson, EM sovereign strategist for ING. Tapping international debt markets hasn't been a problem across the board for emerging economies. The JPMorgan's emerging markets bond index (EMBI) for high yield debt is at 900 basis points over U.S. Treasuries, and has largely remained over 800 bps since the beginning of last year. The Russia conflict and then the Fed hiking cycle led to higher spreads for a much longer period," said Gregory Smith, emerging markets fund manager at London-based M&G Investment. A weaker U.S. dollar should help countries to tap international markets in the medium term, but recent data fueled jitters that restrictive central bank policies could push the global economy into recession.

Feb 7 (Reuters) - Emerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China's reopening and softening inflation pressures worldwide. According to Refinitiv Lipper data, which covers over 33,700 emerging market (EM) funds, EM equity funds received $13.2 billion, and EM bond funds obtained $11.36 billion in January. Fund flows: EM equities and bondsIn 2022, EM bond funds faced a combined net outflow of $26.26 billion. In January, the iShares Core MSCI Emerging Markets ETF and iShares JPMorgan USD Emerging Markets Bond ETF received $3.2 billion and $2.4 billion, respectively, while iShares MSCI Emerging Markets ETF and BlackRock Emerging Markets Fund; Inst obtained over $1 billion each. Initial euphoria over China's reopening has fizzled out and EM assets have seen slight declines in February.

☆ Emerging markets are a top investing trend for 2023. Here's the best way to take advantage
▼ + stars: | 2023-01-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The iShares MSCI emerging market Asia exchange traded fund is up 11% and the iShares core MSCI emerging markets ETF is up more than 10% since the year began. For Kotler, it's emerging market bonds, where his firm has an overweight rating as opposed to a neutral rating on equities. One other factor that should help emerging market countries outperform in 2023 is the winding down of the strength of the U.S. dollar. Some top emerging market bond funds include the iShares JP Morgan USD Emerging Markets Bond ETF , the Vanguard Emerging Markets Government Bond ETF and the VanEck JP Morgan EM Local Currency Bond ETF. Of course, the downside to large emerging market funds is that they tend to be most heavily weighted to China, as it's the largest emerging market country.

☆ Investors are jumping into bonds to start 2023, and these fixed income ETFs are hot
▼ + stars: | 2023-01-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The renewed interest in fixed income comes after 2022 proving one of the worst years on record for fixed income investing, leading some to wonder whether the traditional portfolio of 60% stocks and 40% bonds may have outlived its usefulness. Surging interest in bonds is evident in fixed income ETFs, where cash has been pouring in during the first two weeks of the year. Last year, a record of $266 billion of cash flowed into fixed income ETFs, according to BlackRock. The iShares JP Morgan USD Emerging Markets bond ETF (EMB) also makes the top 10. For investors who are more cautious about the macroeconomic picture, there could still be solid returns in safer corners of the bond market.

☆ Wall Street's biggest investors are all but sure of a recession next year. Here’s where they are hiding out
▼ + stars: | 2022-12-29 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

For investors looking for a way to ride out the storm in one piece, here are where the biggest investors are hiding out. Emerging markets Bond King Gundlach said it's time to buy emerging market stocks as the dollar has likely hit its peak. Cash Cash, one of the most hated corners of the market for years, has gotten some newfound love as risk assets remain stuck in a rout. Buying safe government bonds allows investors to shop for riskier, more opportunistic credits in the market, Gundlach said. Spreads on non-Treasurys have widened, including guaranteed mortgages, junk bond yields, emerging market debt and asset back securities, he added.

☆ Analysis: IMF plugs financing gaps as riskier emerging markets face squeeze
▼ + stars: | 2022-10-14 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +6 min

Ghana, Egypt, Tunisia and Malawi are all in talks on some type of IMF financing. Countries' debt burdens have risen. Turning to the IMF for financing has been the traditional playbook for smaller, strained countries in times of crisis. A set of new IMF tools should also help funnel more funds to such countries in the short-term. "But IMF does act as an anchor and allows access to a broader set of funding, even if not from the market," said Alexandru-Chidesciuc.

☆ India’s bond inclusion will be overdue and timely
▼ + stars: | 2022-09-26 | by ( Una Galani | ) www.reuters.com time to read: +4 min

REUTERS/Shailesh AndradeMUMBAI, Sept 26 (Reuters Breakingviews) - A bear market might be a good time to step onto the world stage. India’s sovereign debt is widely expected to be added to the JPMorgan Emerging Market Bond index, tracked by some $220 billion of assets under management. Overall, foreigners own less than 2% of the sovereign market, compared to about 10% in China and over 20% in Indonesia, according to estimates by Morgan Stanley. Inclusion might quickly shepherd over $20 billion of passive funds that track the benchmark, assuming India gets a 10% weighting, matching China and Indonesia. India spread over U.S. bonds is shrinkingFollow @ugalani on TwitterCONTEXT NEWSIndia is expected to be added to JPMorgan’s key emerging market bond index this month, according to multiple analyst and media reports.

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